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Bailey McCann, Opalesque New York:

InvestX is the latest entrant into the crowdfunding space with a new platform for private equity deals. The InvestX platform will allow accredited retail investors access to private equity deals in established companies that have been sourced by a group of partner private equity firms at lower minimums than traditional private equity vehicles.

The platform has also completed an initial $5.2 million seed round led by a consortium of investors including U.S. Global Funds, Meridian Funds, Pathfinder Asset Management, Mercury Capital, Mutual Capital Alliance and Stockhouse Publishing, along with a group of prominent angel investors.

"The platform is available to cross-border investors from both the US and Canada," Marcus New, founder and CEO of InvestX tells Opalesque. The minimum investment for this class of retail investors will be $2,500 - significantly less than the typical million dollar capital commitments in traditional private equity vehicles.

The first private equity deal being offered an investment in Cleveland HeartLab (CHL), which is raising Series C financing. CHL is a well-established, five-year old health sciences company known as one of the leading providers of comprehensive cardiovascular disease prevention. The company has already raised $38 million in funding from investors such as Cleveland Clinic and Healthcare Venture Partners.

Investors on the platform will be given access to private equity ......................

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